Albany, NY -- (SBWIRE) -- 02/08/2017 -- A property management software enables end-users to perform core real estate operations in a more efficient manner. The software, which has various applications in the real estate industry, primarily helps enterprises and brokers to manage the sales or purchases of properties. Using this software, property or real estate firms can perform various tasks such as property portfolio management, lease administration, cost administration, invoicing, and portfolio forecasting. Another application of the software is capital project management, which includes capital budgeting, project management, condition assessment, and commissioning. It is also used for asset management, risk management, and workplace services.

Web-based property management software are also available in the market. They provide the facility to combine functions such as project costing and management, land acquisition, customer monitoring, sales and collection, financial accounting, payroll, and HR, and management information system and security modeling.

The global property management software market to grow at a CAGR of 6.77% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global property management software market for the period 2016-2020. To calculate the market size, the report considers revenue generated from software licensing. Software licenses are classified into the following categories:

Technavio's report, Global Property Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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